The challenges with legacy infrastructure in the modern world
In an increasingly interconnected, globalized world, organizations have had to transform themselves to service their customers, battle competitors, and continue to grow. Firms who might’ve thought of themselves as regional or national players began to understand that expanding beyond their region or nation was becoming more cost-effective, safe, and practical. Opening up a new market such as Europe, South America, or Asia provided the opportunity to service hundreds of millions of new customers while also introducing complexity to the business.
For a manufacturing company, this may mean continuing to manufacture a product domestically while shipping it overseas. However, what if your product is not price-competitive in certain markets due to the labor cost of your domestic market? For some folks, it may make more sense to spin up manufacturing capacity in India or South America to specifically serve those markets...